The present paper modifies the \Protection for Sale" model of Grossman and Helpman (1994) to account for heterogeneous firms lobbying for non-tariff barriers to trade, such as technical standards or certification requirements. They raise the fixed costs of market access for both domestic...

This paper analyzes the welfare effects of trade liberalization when some individuals suffer from self-control problems and hence consume too much of goods which generate immediate benefits but entail future costs. Within a classic Ricardian model of trade, the welfare efects depend crucially on...

The present paper uses data from the World Bank Enterprise Survey conducted in Turkey in 2005 to shed light on the firms which use intermediaries in international trade. It lends robust empirical support to recent theories which suggest that indirect exporters are mostly small firms which are...

This study replicates estimation results from Jennifer Abel-Koch, Who Uses Intermediaries in Inter- national trade? Evidence from Firm-level Survey Data, published in The World Economy (2013). In this paper she uses firm-level data from Turkey. The pure replication performed here that is based...

This study replicates estimation results from Jennifer Abel-Koch, Who Uses Intermediaries in International trade? Evidence from Firm-level Survey Data, published in The World Economy (2013). In this paper she uses firm-level data from Turkey. The pure replication performed here that is based on...

We empirically analyze why rating agencies disagree on countries' default risk. Specically, we explore the sovereign ratings of four agencies and their interaction. Our results indicate that the frequency of split ratings and their lopsidedness is not related to their home region. We...

In this paper, we explore the institutional investors' assessment of relative creditworthiness across selected country groups with a special focus on the impact of public debt on the perception of sovereign risk. Our results show that general government debt is among the most important...

This paper presents a classroom experiment on pricing strategies available to monopolists. Each student makes production decisions as a monopolist during the experiment; learning from his/her own experiences what it means to be a price searcher. Full information is provided on cost conditions,...